[qwhelan]

>SIPC insurance up to 500K USD on all (non-crypto) investment accounts? This is on-par with the same kind of protections you get with any FDIC-insured checking or savings account.

While similar, SIPC is not "on-par" with FDIC.

With FDIC, the bank is taken over Friday afternoon and your cash is available Monday morning.

With SIPC, it could very easily be five years before you have access to your assets again.

The difference in the value of the insurance also means the regulatory scrutiny behind SIPC is far lower.